Zacks Research Upgrades TDK (OTCMKTS:TTDKY) to Hold

TDK (OTCMKTS:TTDKY) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

A number of other research firms also recently weighed in on TTDKY. Nomura upgraded TDK to a “strong-buy” rating in a research note on Tuesday, February 3rd. Wall Street Zen upgraded shares of TDK from a “hold” rating to a “buy” rating in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, TDK currently has an average rating of “Buy”.

TDK Trading Down 5.9%

OTCMKTS:TTDKY opened at $24.37 on Monday. The company has a quick ratio of 1.18, a current ratio of 1.53 and a debt-to-equity ratio of 0.16. TDK has a twelve month low of $10.14 and a twelve month high of $26.73. The company has a market cap of $47.37 billion, a P/E ratio of 35.32, a price-to-earnings-growth ratio of 2.19 and a beta of 1.25. The business has a 50 day moving average price of $17.01 and a two-hundred day moving average price of $15.35.

TDK (OTCMKTS:TTDKY) last released its earnings results on Tuesday, April 28th. The technology company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.05). TDK had a net margin of 7.87% and a return on equity of 10.01%. The business had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $3.83 billion. TDK has set its FY 2027 guidance at 0.760-0.760 EPS. As a group, analysts expect that TDK will post 0.76 EPS for the current fiscal year.

About TDK

TDK Corporation, founded in Japan in 1935, is a multinational electronics company that develops, manufactures and sells a broad range of electronic materials, components and systems. The company traces its origins to work on ferrite materials for magnetic applications and has since expanded into multiple product lines that serve the electronics industry worldwide. TDK is headquartered in Tokyo and operates through a network of manufacturing, research and sales facilities across Asia, Europe and the Americas.

TDK’s product portfolio includes passive components such as multilayer ceramic capacitors (MLCCs), film capacitors, inductors and ferrite cores; magnetic heads and related magnetic materials; sensor and sensor systems including MEMS-based motion sensors and other sensing devices; and power electronics including power supplies and modules.